Cost Accountants Should Move To California

  • 49 views
Uploaded on

Being a cost accountant means a lot of responsibility. After all, you will be in charge of maintaining all financial records of an organization, analyze it, and share recommendations with the top …

Being a cost accountant means a lot of responsibility. After all, you will be in charge of maintaining all financial records of an organization, analyze it, and share recommendations with the top management. At the same time, cost accountants, also known as management accountants, have to ensure that accounting standards and regulations are being met as far as accounting records and the company’s services and processes go.

More in: Education
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
49
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Why Cost Accountants Should Move To California!Being a cost accountant means a lot of responsibility.After all, you will be in charge of maintaining all financialrecords of an organization, analyze it, and sharerecommendations with the top management. At thesame time, cost accountants, also known asmanagement accountants, have to ensure thataccounting standards and regulations are being met asfar as accounting records and the company’s servicesand processes go. www.accountingdegreetalk.org
  • 2. California – Best In Pay, And Best In Employment Level!The tasks of cost accountants, though detail-oriented andrigorous, is also very challenging and well-paying. Yet, while youmay become a cost accountant in any state of the US dependingon your preferences, California appears by far to be the bestchoice. Why, you ask? Well, according to Payscale.com’s salarysurveys, of all the featured states, the average annual pay of costaccountants in California is the highest at $43,122 – $83,023.And if you are still not convinced, the US Bureau of LaborStatistics places California as the top state in terms ofemployment level for accountants and auditors in general. InMay 2011, the BLS estimated a total of 121,590 jobs for costaccountants in California.
  • 3. Which Metropolis? Which Other US States?In California, Los Angeles is the metropolitan area to go to for costaccountants as it has the highest number of jobs for accountantsin the state. Meanwhile, the highest concentration of jobs foraccountants is in San Francisco, which is also a very well-payingstate for accountants in California, with an annual mean wage of$86,230 in May 2011. This is higher than the national mean salaryof $70,130 for accountants and auditors in general. Besidesthis, some other states and cities to consider include: New York – New York City Texas – Houston, Dallas Pennsylvania – Philadelphia Illinois – Chicago Massachusetts – Boston
  • 4. So What Do You Need To Become A Cost Accountant?In order to get into the field, one ought to have aBachelor’s Degree in Accounting or a related field. This isthe most basic entry-level requirement. For somehigher-level positions, a Master’s in Cost Accountingmay also be required. Internships and prior workexperience are a plus when applying for a job as a costaccountant.
  • 5. What Is The CMA?The Certified Management Accountant (CMA) certificate isoffered by the Institute of Management Accountants (IMA). Itdemonstrates that a person has excellent command over costaccounting principles and practices, and is a certification ofhis/her credentials. In order to sit for the CMA exam, one musthave completed their bachelor’s degree and must have at least 2years of work experience in management accounting. Though notnecessary, the CMA certification can add much value to one’scareer. The IMA’s website states, “Holders of a CMA can earn over$22,000 higher total compensation than their noncertified peers.”All in all, becoming a cost accountant can be both challenging andfinancially-rewarding. Plus, now you also know the areas wheregreat prospects for cost accounts lie. So, will you like to become acost accountant?